WAS THE VATICAN INVOLVED WITH THE MAFIA IN DEALING STOLEN/FORGED SECURITIES FROM 1971-1973?
Richard Hammer said in the "Author's Note" of this 1982 book, "The events described in this book are true and the characters are real. Except for certain interpretations and conclusions, which are the author's responsibility alone, the story is based on the recollections, files and records of Detective Sergeant Joseph J. Coffey, Jr., commanding officer of the Organized Crime Homicide Task Force and special assistant for organized crime affairs to the Chief of Detectives of the New York City Police Department. It also relies heavily on wiretaps and electronic surveillance done under court order ... Those conversations that have been re-created are either taken directly from transcripts of legal wiretaps and electronic eavesdropping devices or are based on the recollections of one or more of the participants in them."
He wrote, "How much money was involved? There was no way Coffey could calculate that, but it certainly ran way up in the millions. There had been references several times to $900,000 and that was only one deal. There had been talk of $100,000 here and another $100,000 there, and several hundred thousand someplace else. There was no way of putting a figure on the counterfeits that had been discussed. There had been at least three stolen United States Treasury certificates ... There was a lot of stolen stock... There were counterfeit securities that were supposed to have gone, may actually have gone, might still be going, to the Vatican." (Pg. 88)
He observes, "What the investigators thirsted to hear was more about the flow of hot securities in and out of the United States, about the transaction in the Vatican that had been mentioned for the first time ... about all the other deals that lay at the real center of this hunt. But the Vatican was never mentioned, and conversations about securities were inevitably guarded and elliptical so that those who heard them had to have some prior knowledge, had to know how to strip away the covering." (Pg. 121)
He says, "[Leopold Ledl] did not at first suspect that those venerated church leaders valued him for anything more than his pleasant company and his ability to tell an amusing story. He did not even think it when Cardinal Tisserant... began to tell him sorrowful stories of the declining state of the Vatican's treasury, of how Bishop Marcinkus had made a series of ill-considered investments that had cost the church untold millions of dollars at a time when there was such a drain of the Vatican treasury, what with the need to support the foreign missions and the commitment to shore up the stagnating Italian economy, the shaky banking structure, and collapsing lira and so save the church-supported Christian Democratic government." (Pg. 196)
He adds, "They all agreed that the American government would never accuse the Vatican of knowingly dealing in counterfeit stocks and bonds. In fact, if it was discovered that such paper existed in the Vatican, the United States would undoubtedly believe the church had been taken in by some unscrupulous swindlers and so would secretly step in and make good the losses." (Pg. 197)
He admits, "Even after Rizzo's phones were tapped... there was not once a mention or an implication of that staggering arrangement in Rome... The Vatican did not concern him, did not even seem to interest him... I fact, the only calls about the Vatican that were ever made from the United States or anywhere were ... all with the same message: Do not talk about the Vatican deal with anyone... Do not talk to anyone about the Vatican, ever." (Pg. 244)
He states, "Coffey and Tamarro... had not known ... who in the Vatican was involved... Now they had that. For two devout Catholics, raised to believe in the sanctity and unimpeachable honesty of the leaders of their church, this was an unsettling discovery... They had come upon men of great power and influence... these were men of the cloth whose reason for being was supposed to be the betterment of man and the church. Now Coffey was confronted with evidence that some of these men had committed grave crimes. It was nearly unthinkable... I
"If they should follow the trail now, directly into the heart of the Vatican, uncover and reveal to the world the crimes of the revered leaders of their church, the damage they would do to the church itself was likely to be great, to be immeasurably wounding... They knew they had a choice. They could ignore the role the Vatican had played, the role of those leaders of the church who had been part of the scheme. No matter how much evidence they managed to gather, they knew there was little chance that they would be able to bring a cardinal or a bishop or a monsignor from Rome, from the Vatican, to stand trial in New York.
"What would it profit them, then, to stir up a scandal that exposed as criminals some of the men who helped direct the Vatican? What profit except to do harm to their church? Would it not be better to concentrate on what they had, to gather the evidence that would be used to convict Rizzo and the others in the organized American underworld and forget about the rest?" (Pg. 261)
He points out, "the president's own position [was] becoming increasingly tenuous. Nixon was looking for support to shore him up wherever he could find it. And among those who backed him most strongly were the nation's Catholics. He was not about to do anything that might alienate them when he most desperately needed their unquestioning allegiance. There was little doubt that an airing of charges against high Vatican prelates... would cause a serious reaction in the Catholic community." (Pg. 272)
The ultimate testimony to a Senate subcommittee was, “As a result of our visit and a result of the cooperation of the Vatican, we were able to conclude that there was no substance to the allegation that anyone within the Vatican was culpably involved in this scheme.” (Pg. 279)
More innuendo and speculation than actual "evidence"; someone interested in this affair will find this book interesting.